2B, THE FARTHINGS, CHORLEY, PR7 1TP - £320,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2B THE FARTHINGS is a small detached house of 96m², built sometime between 1983 and 1990. It was last sold for £320,000 in August 2023, which was around 6% below the average August 2023 detached price in the Chorley local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

2B THE FARTHINGS Sold Prices

Land registry data shows four sales for 2B THE FARTHINGS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. two of the four 2B THE FARTHINGS sales were for below the average price, and four were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 7 AUG	£320,000	£339,547	6% below HPI
2019 24 MAY	£245,000	£265,522	8% below HPI
2006 2 JUN	£223,000	£220,610	1% above HPI
1998 19 JUN	£90,000	£88,920	1% above HPI

2B THE FARTHINGS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chorley local authority area over time, sourced from the HPI. The four 2B THE FARTHINGS sales between June 1998 and August 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2019 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2023 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 2B THE FARTHINGS?

2B THE FARTHINGS is 96m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% of detached houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses by size in Chorley, and where 2B THE FARTHINGS lies on this distribution: 28% of detached houses are smaller than 2B THE FARTHINGS, and 71% of houses are larger. Note that EPC data is not available for all properties in Chorley.

2B THE FARTHINGS: Plot and Title Map

2B THE FARTHINGS sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 2B THE FARTHINGS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2B THE FARTHINGS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2B THE FARTHINGS?

2B THE FARTHINGS is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 2B on THE FARTHINGS.